FBD Holdings has today appointed Paul D'Alton as interim chief executive officer.

Mr D'Alton will take up his new role on April 3.

He replaces Fiona Muldoon who last October announced her intention to step down as group CEO and director this year. 

A Chartered Accountant, Paul D'Alton previously served as interim chief financial officer of FBD and chief financial officer of Bank of Ireland.

FBD chairman Liam Herlihy extended his "warmest gratitude" to Fiona Muldoon for her hard work and effective contribution to FBD over the last five years. 

"She has been instrumental in the transformation and development that has taken place in FBD. Her relentless focus on the business and its customers has been remarkable. Shareholders and the community alike have benefitted from her tireless efforts," the chairman said.

Liam Herlihy also welcomed Paul D'Alton's appointment as CEO, adding that he is highly regarded in the investment community and as a former FBD colleague, knows the business well. 

He said the FBD board continues to make progress towards its appointment of a permanent CEO.